Ebix offers $336 Million to acquire Yatra.com
US-based software firm Ebix Inc Monday said it has offered to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, for $336 million (over Rs 2,345 crore). The company has sent a letter to the Board of Yatra Online, Inc outlining offer to acquire 100 per cent of the outstanding stock of Yatra Online for $7 per share on a debt-free basis, Ebix Inc said in a statement.
Gurugram-based Yatra.com is a major player in the online travel sector and provides services including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, activities and ancillary services.
Ebix intends to merge Yatra Online in the company's Indian EbixCash subsidiary set up, it added."The Ebix offer, based on approximately 48 mill...